Based on - see of Stocks and , April 2000
Original version by user Glaz. Thanks ! (see at the end of this description).
Tweaked by Albert Callisto
- Fast and slow "zero lag" moving averages
- Histogram showing delta between the two moving averages
You can choose between or for the moving averages. They give slightly different results. Glaz had used instead of . Most "zero MACD" scripts are based upon .
Usage is similar to the classic and it can be integrated in an existing strategy, you will notice the crossing occurs earlier.
This is the original version by Glaz: